Putin's Russian is at a crossroads. It has become a “sort-of-but-not-really-country.” Russia today is sort of a democracy, but not really. It’s sort of a free market, but not really. It’s sort of got the rule of law to protect businesses, but not really. It’s sort of a European country, but not really. It has sort of a free press, but not really. Its cold war with America is sort of over, but not really. It’s sort of trying to become something more than a petro-state, but not really. Real reform will require a huge re-set on Putin’s part. Could it happen? Does he get it? On the evidence available now, I’d say: sort of, but not really.